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3 years ago

Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?

Business

2 answers:

soldi70 [24.7K]3 years ago

7 0

I believe the answer is either C or d

Andrej [43]3 years ago

4 0

The answer is C because she is just putting the business together and making the mission statement.

Hope this helps.

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Damon Corporation issued $400,000 of 6% bonds on May 1, 2020 using straight-line interest. The bonds were dated January 1, 2020,

Marat540 [252]

Answer:

May 1

Dr Cash408,000

Cr Bonds Payable 400,000

Cr Interest Expense 8,000

July 1

Dr Interest Expense 12,000

Cr Cash 12,000

Dec 31

Dr Interest Expense 12,000

Cr Interest Payable12,000

Explanation:

May 1,

Dr Cash408,000

Cr Bonds Payable 400,000

Cr Interest Expense 8,000(Accrued Interest = 400,000 x 6% x 4/12)

July 1

Dr Interest Expense 12,000

Cr Cash 12,000(Bond interest expense = 400,000 x 6% x 6/12)

Dec 31

Dr Interest Expense 12,000

Cr Interest Payable12,000

3 0

3 years ago

During 2020, Starnes Corporation developed a patent. Starnes incurred the following costs related to the development of the pate

Vitek1552 [10]

Answer:

a. Patent development and registration costs incurred in 2020.

Dr Patent 11,200 (only patent registration fees)

Dr Research and development expense 49,600

Cr Accumulated depreciation 6,400

Cr Cash 54,400

b. Legal fees paid in 2021.

Dr Patent 4,800

Cr Cash 4,800

c. Amortization expense in 2021.

Dr Amortization expense 607.50

Cr Patent 607.50

($11,200/20 x 9/12) + ($15,000/20 x 3/12) = $607.50

d. Amortization expense in 2022

Dr Amortization expense 750

Cr Patent 750

7 0

3 years ago

The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has p

77julia77 [94]

Answer:

<u>The overall effect on the company's monthly net operating income of this change is $40,960</u>

Explanation:

New contribution margin ($154 - $11)=143

New unit monthly sales (9,800 + 320)=10,120

New total contribution margin (10,120 units * 143 per unit)= 1,447,160

Present total contribution margin (9,800 units * 154 per unit)=1,509,200

Changes in total contribution margin=(62,040)

Plus Savings in sales person's salaries= 103,000

Change in net operating income $40,960

7 0

3 years ago

Read the following statement and select the term that matches.

ziro4ka [17]

Matches is the correct term

8 0

4 years ago

The managing director of top dog companies

Alexeev081 [22]

Answer:

What???

Explanation:

Jens-Peter Clausen. Managing Director and DE GmbH Partner.

Katrin Clausen. Manager.

Im not sure if my answer is right ▪_▪

4 0

3 years ago